RailAmerica shares plummet on Q3 loss

PadraicCassidy

NEW YORK (CBS.MW) - Shares of RailAmerica
rra
a short line railroad, fell $1.16, or 9.23 percent, to $11.41 in morning trading Thursday after reporting a steep loss for the third quarter. RailAmerica's net loss was $33.1 million, or 91 cents per share, including about $36 million in after-tax refinancing costs and impairment charges.

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